Suppose X Is a Normal Random Variable with Mean of 70

question 88

Multiple Choice

Suppose X is a normal random variable with mean of 70 and standard deviation of 4.The Z-score was calculated for a number,and it was 2.85.What is X?

• A)58.6
• B)81.4
• C)65.8
• D)75.7

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Definitions:

Debtor

An individual or entity that owes money or is under financial obligation to another, typically as a result of borrowing funds or purchasing goods/services on credit.

Collateral

Assets that are offered to secure a loan or other credit and that can be seized by the lender if the loan is unpaid.

Secured Parties

Creditors who have the right to seize collateral if a debtor fails to fulfill their obligation under a secured agreement.

Unsecured Creditors

Creditors who have extended credit without the protection of collateral, making their claims on a debtor’s assets secondary to those of secured creditors.